Recording Mortgage Satisfaction Fees

Summary

The fee for recording a Satisfaction of Mortgage in Putnam County, Florida, is $10.00 for the first page and $8.50 for each additional page. No documentary stamp tax is due on a Satisfaction of Mortgage in Florida. An inactive LLC can record a satisfaction of mortgage, but it may be subject to certain conditions. A satisfaction of mortgage removes the lien but does not transfer the title; a separate deed is required for title transfer. Consult local authorities or a real estate attorney for detailed information.

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Do I need to pay any documentary tax for a satisfaction of mortgage?
In Florida, there is no documentary stamp tax due on a Satisfaction of Mortgage. It's typically paid at the time the mortgage is recorded. Please verify with your local county clerk's office for the most current information.
Can an inactive llc still record a satisfaction of mortgage?
In general, an inactive LLC can record a satisfaction of mortgage in Florida. However, it may be subject to certain conditions. You should consult with a local attorney or contact the Florida Department of State Division of Corporations for detailed information.
Does a satisfaction of mortgage transfer title to the buyer completely?
No, a satisfaction of mortgage simply removes the lien and does not transfer title. The title transfer occurs with a deed. You need to ensure the deed is properly executed and recorded- it's a separate process from the mortgage satisfaction.